Alishov E. is a 28-year-old man who has a food store in the Internally Displaced People Settlement of Bilasuvar region. He has seven years of experience in this field and works as both director and seller. As summer closes in, beverages will be in high demand in the southern part of Azerbaijan; this part of Azerbaijan is extremely hot and people purchase cold drinks all summer. Alishov is applying for $1200 US to purchase beverages.
About Aqroinvest:Aqroinvest Credit Union was founded in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.
In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.
14View loans »